28 Oct 2008 07:00
Embargoed Release: 07:00hrs, Tuesday 28th October 2008
Zenergy Power plc (`Zenergy' or the `Group') German Environmental Fund Grant
Zenergy Power plc (AIM:ZEN.L), the specialist manufacturer and developer of commercial applications for high-temperature superconductive (`HTS') materials, is pleased to announce that its German subsidiary Zenergy Power GmbH has been awarded a ¢â€š¬115,000 grant (60% funding coverage) for its ¢â€š¬192,000 project by the German Environmental Fund for the purpose of evaluating a number of additional applications for its ground-breaking HTS induction heater technology.
The allocation of this grant follows recent feedback, as announced on 9th October 2008, on the operational performance of the Group's first commercially sold HTS induction heater, which demonstrated the Group's HTS induction heater increased the productivity of the operations of the Group's customers by 25% whilst reducing energy consumption by 50%.
The proceeds of the grant will be used by the Group to evaluate how theexisting design of its HTS induction heater can be adapted for multiple shapesand sizes of metal billets commonly used by industrial suppliers within theglobal metals industry. -Ends- Further informationDr. Jens Mƒ¼ller Zenergy Power Plc + 49 2226 9060 200 Vikki Krause Hansard Group + 44 207 245 1100 Tom Hulme Teathers Limited + 44 207 426 9000 About Zenergy Power plc
Zenergy Power plc is a global specialist manufacturer and developer of commercial applications for superconductive materials. Comprising three operating subsidiaries located in Germany, USA and Australia, Zenergy is highly focussed on the commercialisation of a number of energy efficient applications to be adopted in energy intensive industrial processes, power distribution and renewable power generation. Zenergy achieved the world's first sale of an industrial scale HTS induction heater which is now in operation.
About superconductivity
Superconductive materials are capable of conducting electricity without any resistance and were first discovered in 1911 in what was to prove to be one of the most significant scientific breakthroughs of the 20th century.
Superconductors enable:
(a) Induction Heaters to be twice as efficient for the metals industry
(b) Fault Current Limiters to protect power grids from blackouts
(c) Direct-drive wind generators to be significantly reduced in size and weight allowing the operation of wind generators in excess of 8 MW
(d) Existing hydro-power sites to upgrade to energy efficient Hydro-generators
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